This is a preview of your story

Powered by


The Israeli Enterprise IT & Data Sector​
Q1 2023 Report by Start-Up Nation Central​

An analysis of private and public investments, M&A activity, and IPOs by period and subsectors in the rapidly evolving Enterprise Tech landscape.​


Summary of Insights ​

A Guest Commentary by Insight Partners based on data collected by Start-Up Nation Finder.

The Enterprise IT and Data Infrastructure Sector face ongoing challenges with a fragile global economy, protracted sales cycles, and spending constraints. Israeli companies are adapting, maneuvering to demonstrate value delivery to customers, and prioritizing profitability as the Rule of 40 valuation metric gains significance.

While IPO and M&A activity has been muted so far in 2023, the market shift to measured growth and funding slowdown provides opportunities for acquirers. ​

Although the IPO pipeline is robust with the window effectively shut for several quarters, many companies may further delay going public until 2024 due to macroeconomic uncertainties and optimism that multiples will climb back above 5-year averages.​

Daniel Aronovitz, Principal, Insight Partners​





Amount of Equity Invested
Q1 2023

Q4 2022


Amount of Exits Value
Q1 2023

Q4 2022

* A sample of prominent companies in the subsectors​​

Private Funding in Q1 2023​

Finder's Report Analysis

This report was composed by Yariv Lotan, VP of Digital Products, Development and Data, and Einat Ben-Ari, Head of Data and BI |

Start-Up Nation Central is a non-profit organization that connects Israeli innovation to the world to help international entities solve global challenges. Inspired by the book Start-Up Nation and immersed in the Israeli technology ecosystem, we provide a platform that nurtures business growth and generates partnerships to strengthen Israel’s economy and society.


Methodology Notes​

  • The report is based on the START-UP NATION FINDER database.​

  • It is a snapshot of Q1 2023 activity as of April 16, 2023.​

  • Q1 2023 figures might further revise in the future as the activity in this quarter continues to be revealed. In particular, funding rounds in early-stage startups are usually published with a delay.​

  • The definition for companies and investors can be found in the FINDER Glossary under the terms “Companies” and “Investors”, respectively.​

  • The report includes only companies that their primary sector is classified as Enterprise. ​

  • Companies may be classified into multiple Enterprise subsectors.​

  • Active Investors are defined as investors with at least 3 investment rounds since 2021.​

  • Investments Types included: Pre Seed, Seed, A, B, C, D, E, F, G Rounds, Convertible Debt, Post-IPO Equity Funding, Private Equity, Undisclosed Round. Excluded: Crowdfunding, Equity Crowdfunding , Debt Financing and Grants.

  • Links are dynamic and provide current snapshots, so the results might not exactly match the figures in the report.

Copyright ​🔽

Copyright ​🔼